From Range to Reality: Nailing the Final Real Estate Value

Screenshot of the Hesti price calculator interface
Key takeaways
  • A range, not a number. Hesti shows a 95 % confidence band; pinpoint your price by factoring in property specifics and comps.

  • Upper end renovated, well-equipped homes in prime, quiet streets.

  • Lower end fixer-uppers, noisy blocks or lower-grade buildings.

  • Checklist — location, condition, building, extras — guides your adjustment inside the band.

How the calculator works

The model mixes comparable sales with machine learning to output a central value plus a 95 % confidence range. Sparse data or unique features widen the band.

Why the range can be wide
  • Few comps in that niche (e.g. loft penthouse).
  • Extreme attributes – huge floor area, rooftop terrace.
  • Off-market deals that never appeared as ads.
Factors that tilt you up or down

Location

  • Up if central, safe, quiet, near parks & cafés.
  • Down if busy road, far from amenities.

Unit condition

  • Up for fresh renovation, low utilities, quality appliances.
  • Down if renovation needed.

Building quality

  • Up for new or refurbished structure, tidy common areas.
  • Down for heavy wear or upcoming repairs.

Extras

  • Balcony, parking, high ceilings push up.
  • Lack of them nudges down.
  • Uncooperative neighbors who are unwilling to invest in the property can also lower value.
Step-by-step to a final price
  1. Get the calculator’s range.
  2. Pull 3–5 similar sales from Hesti’s deal catalogue.
  3. Score the factors above.
  4. Adjust: add or subtract ~5–10 % per major plus/minus.
  5. Cross-check active listings to stay competitive.
Takeaway

Hesti’s calculator is a data-driven starting line. Fine-tune with location, condition and building checks to land on a price that sells — without leaving money on the table.

Article author
Mārtiņš KozlovskisMārtiņš Kozlovskis